CAPEX CUTS

20th March 2015

By: Darlene Creamer

  

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Like so many other energy companies, South African energy and chemicals group Sasol has been forced to realign its business with the new oil price reality. It has outlined a R30-billion to R50-billion cash-conservation programme, with capital-expenditure (capex) cuts making up the lion’s share. The group expects to invest R45-billion during 2015, R65-billion in 2016 and R60-billion in 2017, which will include capex cuts of between R13-billion and R22-billion.

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